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Electronic Arts Inc Raises FY 2014 Guidance; Issues Q3 2014 Guidance Below Analysts' Estimates


Tuesday, 29 Oct 2013 04:05pm EDT 

Electronic Arts Inc announced that for fiscal 2014, it expects GAAP net revenue to be approximately $3.55 billion. Non-GAAP net revenue is expected to be approximately $4.00 billion. GAAP diluted loss per share is expected to be approximately $(0.72). Non-GAAP diluted earnings per share is expected to be approximately $1.25. For the third quarter of 2014, it expects GAAP net revenue is expected to be approximately $775 million. Non-GAAP net revenue is expected to be approximately $1,650 million. GAAP diluted loss per share is expected to be approximately $(1.42). Non-GAAP diluted earnings per share is expected to be approximately $1.22. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $1.22 for fiscal 2014; revenue of $1.75 billion and EPS of $1.32 for the third quarter of 2014. 

Company Quote

37.74
0.185 +0.49%
3:50pm EDT